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Bankers Flooding JPMorgan Event Bemoan San Francisco Squalor

  • Healthcare confab draws complaints about prices, homelessness
  • Oracle moved its OpenWorld conference out of city to Vegas
Pedestrians walk past tents on Taylor Street in San Francisco on Jan. 13.
Pedestrians walk past tents on Taylor Street in San Francisco on Jan. 13.Photographer: David Paul Morris/Bloomberg
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Hotel rates of $2,000 a night. Meeting-table rentals costing $150 an hour. Swank parties held steps from people bundled in sleeping bags on the street.

Thousands of bankers and executives are descending on San Francisco this week for the JPMorgan Healthcare Conference, inundating the tech capital for days of schmoozing and dealmaking. With it comes the annual complaints about the city’s high prices, lack of space and street squalor.